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Crypto

X considers stablecoins for creator payments, possible use of USDC

Social media platform X, formerly Twitter, is reviewing whether it can use stablecoins such as Circle’s USDC to pay creator rewards, CoinPost reported. The talks are at an early stage and the payment structure, timing and final plan have not been decided, CoinDesk reported. The review comes as X ends its revenue-sharing program and prepares an Original Content Reward Program. Stablecoins are cited for cross-border speed and costs.

Crypto

SEC commissioner Hester Peirce says she is optimistic Clarity Act will pass

U.S. Securities and Exchange Commission commissioner Hester Peirce, who is nearing the end of her term, said she is optimistic the Clarity Act will pass. She said passage would clearly divide authority among regulators over the crypto spot market and give the industry, investors and authorities clearer standards. Peirce also said substantial rulemaking would follow any passage, while stressing the SEC would not stand idle even if the bill fails.

Crypto

XRP Ledger validators vote on adding five new features

Validators will begin voting on five new features to be added to the next XRP Ledger software version. Two of the proposed features had previously been excluded after security researchers found serious vulnerabilities requiring urgent action. According to a CoinDesk report, RippleX’s product chief Reece Cooper said xrpld 3.3.0 will be released next week and include five functions. Amendments take effect if at least 80 percent of trusted validators support them for two consecutive weeks.